$SGX(S68.SI)$ Strong Momentum: SGX has been a standout performer, benefiting from a robust rally in Singapore equities, which saw a record-breaking nine-month winning streak earlier this year. Valuation: Its current P/E ratio is around 35.5x, which is elevated compared to historical averages. Investors are often cautious when a stock hits "all-time high" territory, as it may be "priced to perfection While the stock has seen a massive rally of over 70% in the past year, "is it a buy" is a subjective question that depends on your investment goals
The volatility right now is wild—SOXL swinging +16% just a week after a massive selloff shows how fast sentiment flips. If you look at the fundamental upside vs the current technical momentum, are you chasing the breakout here or playing it safe? Crazy day for semiconductors. AMD leads the rally up almost 7% on the back of macro news and a fresh Buy upgrade from Citi. They are heavily backing AMD's MI accelerators to capture more GPU market share.